OKCoin is known to be the most popular and leading digital asset trading platform supporting customers around the globe. This China-based exchange believes in the core idea of Multi-collateral DAI (DAI) and blockchain and has managed to maintain a positive reputation in the market so far.
Follow these steps for you to start trading on OKCoin.
Click here to access the exchange site.
To register, click on the Sign-Up button on the home page.
You can either sign-up using your email, or your phone number.
Fill out the form, then enter the code sent to your email or mobile number, depending on which option you’ve picked.
Type in your password and re-confirm it. Next, click on the agreement box and click on Sign-Up to continue logging in to your OKCoin account.
Please note that OKCoin and OKEx share the same login information since they are the same exchange, though different platforms. If you have signed up to either platform, there’s no need to create a separate account for the second one.
It is a must to verify your identity to secure your assets on OKCoin.
Take Note: Funding is not available unless you’ve completed the Verification process.
Go to Account and make sure the Profile information is filled in.
Move on to Verification and finish all levels.
For withdrawals of less than two BTC, complete Level 1.
For withdrawals of more than 2 BTC, complete Level 2 and upload a photo of your passport and proof of address.
For withdrawals of 50 BTC or more, contact OKCoin’s business support.
Fill in the correct information because you can no longer edit them once verified.
The green checkmark indicates that Verification level has been completed.
Wondering what 2FA is?
Two-factor authentication (also known as 2FA) is a type (subset) of multi-factor authentication. It is a method of confirming a user’s claimed identity by utilizing a combination of two different factors: 1) something they know, 2) something they have, or 3) something they are.
An excellent example of two-factor authentication is the withdrawing of money from an ATM; only the correct combination of a bank card (something that the user possesses) and a PIN (personal identification number, something that the user knows) allows the transaction to be carried out.
In the case of exchanges what the user knows are the login details username and password and what he possesses is the 2nd factor for the authentication which is a code. The code can be either received through SMS on users personal mobile phone or found in an application like Google Authenticator or Authy.
So, to get to the 2FA section, go to Security and look for Google Authenticator.
Click on Account.
Scan the barcode and enter the numbers. Click on the confirm box to proceed.
The green button is an indication that 2FA has been enabled.
Now that we have completed the Verification process, we are ready to fund your OKCoin account.
Click on Fund and choose Token Deposit. Select the token you would deposit and copy the deposit address, or scan the QR code.
Every address is unique. Therefore the example below cannot be copied.
Deposit history is available right below the Token Deposit page if you would like to review your funding transactions.
Now that you have deposited funds into your OKCoin account let’s start buying your first Multi-collateral DAI (DAI)!
Click on Trade.
On the left side is where you can select your trading token. Fill out the amount and price you would like to trade, then click on the Buy button.
In this example, the token trading is in USD.
You can view the Open Order as well as the Order History right below the Trade page.
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